Turbulent markets claim three more IPOs

Maoye, Solargiga and Samko postpone their listings due to tough market conditions, declining relative valuations and fears of a difficult aftermarket.

The volatile market conditions have forced another three Asian listing candidates to withdraw their initial public offerings shortly before pricing, while a fourth is pondering its options. The deals have been postponed despite a turnaround in regional equity markets towards the end of last week.

Sources say the damage had already been done when the share prices of their respective peers dropped during the IPO marketing periods, eroding the relative valuations of the newcomers. And rather than instil confidence among...

To continue reading, please login or register for free

Click for more on: ipo | postponed | goldman sachs | credit suisse | bnp paribas | icea

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...